Vanguard Total World Stock ETF
Overview of Cheniere’s sale and purchase contracts
Cheniere Energy, Inc.’s MLP company’s Sabine Pass liquefaction project has already secured four fixed-price, 20-year sales and purchase agreements with third parties.
What Analysts Recommend for Novartis in March 2018
As discussed earlier, Novartis (NVS) reported EPS (earnings per share) of $1.21 on revenues of $12.9 billion during 4Q17.
How Has Shell’s Stock Performed ahead of Its 4Q16 Earnings?
On January 20, 2016, Shell began recuperating from the falls it had experienced in the previous year. Shell has risen 49% since January 20, 2016.
Why the Japan Services PMI Improved in June 2017
The Japan Services PMI (EWJ) (DXJ) stood at 53.3 in June 2017 compared to 53.0 in May 2017. It met the market expectation of 53.2.
Consumer Activity Is on the Rise in India
Consumer spending in India (INDL) stood at ~17.8 trillion rupees in 4Q16, an 11% increase compared to 16.0 trillion rupees in 3Q16.
Inside Roche’s Strategy to Offset Revenue Declines
Roche’s big three contributors include MabThera/Rituxan, Herceptin, and Avastin, which accounted for 14.7%, 13.9% and 13.7% of revenues in fiscal 1Q16.
Everything Is Being Repriced after the Brexit Vote, Says Marc Lasry
The Brexit referendum results are already playing havoc with the European and other world capital markets.
George Soros: Brexit May Spark Disintegration in the European Union
With the Brexit vote, the European Union’s disintegration has already begun. The pound is already at historic lows against the US dollar (UUP).
Bill Gross: What’s His New Normal Thesis?
Recently, Gross has been repeatedly mentioning a “new normal” that the developed world seems to be in. Real GDP growth is around 2% in the US.
Bill Gross: Possibility of Deglobalization in the Economy
Gross warned about deglobalization in the global economy. Trade between nations, exacerbating immigration issues, and stagnant economic growth formed his belief.
Two reasons ConocoPhillips could retain investor confidence
ConocoPhillips might retain investor confidence because of its strong earnings and production growth and its geographical and project diversity.
How Russia’s Service Activity Looked in December 2017
According to a report by Markit Economics, Russia’s service PMI (purchasing managers’ index) showed a weaker improvement in December as compared to November 2017.
Anoro Ellipta May Boost GlaxoSmithKline’s Respiratory Franchise Revenues
Anoro Elipta earned revenues of close to 233 million pounds in the first nine months of 2017, which is 77% year-over-year (or YoY) growth on a reported basis and 63% YoY growth on a constant exchange rate (or CER) basis.
What Does Mexico’s Manufacturing PMI Indicate?
According to a report by Markit Economics, Mexico’s (EWW) manufacturing activity showed a slightly weaker improvement in December as compared to November 2017.
Why Russia’s Service Sector Strengthened in November 2017
Russia’s service sector in November According to a report by Markit Economics, Russia’s service PMI (purchasing managers’ index) showed a solid improvement in November 2017, rising to 57.4 from 53.9 in October. The figure beat the market expectation of 55.0 and marked the highest rise since January 2017. The strong improvement in Russia’s service PMI […]
Why Japan Services PMI Didn’t Meet Expectations in November
The Japan Services PMI fell in November 2017. It came in at 51.2 compared to 53.4 in October. It didn’t meet the market expectation of 52.0.
Why Japan’s Services PMI Improved Solidly in October 2017
Japan’s services PMI (EWJ) (DXJ) rose solidly in October 2017. It stood at 53.4 in October 2017 compared to 51.0 in September 2017.
Why Japan’s Services PMI Has Been Falling Gradually
According to the report provided by Markit Economics, Japan’s services PMI (EWJ) (DXJ) stood at 51.0 in September 2017 compared to 51.6 in August 2017.
South Korea’s Business Confidence Remains Steady in July 2017
Business confidence in the manufacturing sector in South Korea (EWY) has remained stable at 78 in July 2017.
GlaxoSmithKline’s Valuations after Its 2Q17 Earnings
On July 28, 2017, GlaxoSmithKline (GSK) traded at a forward PE multiple of 13.4x, which is slightly lower than the industry average of 15.2x.
Equities in South Korea Rise with Tech Rally in July 2017
South Korean equities are soaring in 2017, with the Korea Composite Stock Price Index (or KOSPI), its benchmark index, reaching an all-time high of 2,451.5 in July 2017.
Is Consumer Spending Rising in India amid Reforms in 2017?
Consumer spending in India (INDA) is expected to grow via remonetization and other reforms undertaken by its government in 2017.
Will China’s Rebound in Manufacturing Activity Continue in 2017?
Manufacturing activity in China expanded in June 2017 compared to its fall in May. Chinese manufacturing activity is showing a mixed outlook for economic growth in 2017.
Sluggish Mining Sector and Chile’s Trade Surplus in June
Chile’s economy is highly dependent on copper mining activities. The recent long strike at BHP Billiton’s Escondida copper mine continues to impact Chile.
Bydureon Auto-Injector May Boost the Drug’s Sales in Future Years
The combined product sales of Bydureon and Byetta globally in 1Q17 was ~$199 million, which represents 1% YoY growth on a reported basis.
Did the UK Election Affect Manufacturing in June?
The UK’s manufacturing PMI recorded a weaker improvement in June 2017. It stood at 54.3 in June compared to 56.3 in May.
AstraZeneca Aims to Offer Multiple Therapies in NSCLC Segment
EGFR mutant NSCLC has become a major market opportunity for AstraZeneca’s drugs Tagrisso and Iressa.
What Japan’s Falling Retail Sales Indicate for the Economy
According to the data provided by Japan’s Ministry of Economy, Trade and Industry, Japan’s retail sales rose to 2% in May 2017 on a yearly basis.
Indian Equity Markets: Waiting for the GST?
Indian equities have remained steady in June 2017, but markets remain cautious about the end of the quarter, given the impact of the GST (Goods and Services Tax).
Qatar’s Exports Could Rise despite the Crisis in 2017
Qatar’s exports stood at 20.2 billion riyals in May 2017—an increase of 8% compared to a fall of 5% in the previous month.
Japan’s Services PMI Strengthened, Impacted the Economy
Japan’s services PMI stood at 53 in May 2017—compared to 52.2 in April 2017. It met the market’s expectations of 53.
Did Chile’s Copper Mine Strike Impact Its Economic Growth in 1Q17?
Chile’s economy grew 0.1% on a year-over-year basis in 1Q17, lower than the 0.5% expansion in 1Q16.
India’s Manufacturing Activity in May 2017
The Nikkei Manufacturing PMI in India dropped to 51.6 in May 2017 compared to 52.5 in April 2017.
A Look at China’s Manufacturing Activity in 2017
China’s (FXI) economic activity slowed down in May 2017 as the country’s manufacturing activity touched its 11-month low.
South Korea Maintains Interest Rate, Inflation Nears Target Rate
South Korea’s economy in 2017 Asia’s (VPL) (EPP) fourth-largest economy, South Korea’s (EWY), showed some moderate signs of recovery in 1Q17. Improved global (ACWI) (VT) economic conditions have boosted the country’s exports and investments in the last two quarters. South Korea’s central bank has kept the key interest rate steady, and inflation has remained close […]
China’s Increasing Debt Level and Real Estate Bubble
Increasing credit in China is resulting in the real estate bubble. China’s real estate bubble is a threat to economic growth in emerging markets.
Shell’s Volatility: A Look at Its Beta
Shell’s beta In this part, we’ll compare Royal Dutch Shell’s (RDS.A) beta with peers’. We’ve considered the 90-day beta, which depicts how much a stock moves for a given move in the market for 90 days. Shell’s 90-day beta stands at 0.94, lower than integrated energy stocks’ average 90-day beta of 1.0. In comparison, Statoil’s […]
Is Brazil Showing Improvement in Its Economic Growth?
Brazil’s economy is currently emerging from a severe and prolonged recession. Some reasons for the slump in the country’s economy were political uncertainty and lower consumer and business confidence.
Analysts’ Ratings for Chevron after Its Earnings
After its earnings, 18 of the analysts assigned “buy” ratings to Chevron, eight analysts assigned “hold” ratings, and none of them assigned “sell” ratings.
BP Approves Mad Dog Phase 2: A Revised, Economical Deepwater Project
On December 1, BP (BP) announced that it approved its deepwater project, Mad Dog Phase 2. Consisting of a floating production platform in the Gulf of Mexico, the project is expected to produce 140,000 barrels of crude oil per day starting in 2021.
Analyzing Suncor’s Stock Reaction to Surprise Earnings
Suncor Energy (SU) announced its 3Q16 earnings on October 26 after market hours. On the day, in anticipation of results, SU opened at $28.9.
International Monetary Fund Weighs in on Slowing Global Economy
In its October World Economic Outlook report, the IMF estimated that the global economy will likely continue to slow down, reaching growth of 3.1% in 2016.
Analyst Ratings: ExxonMobil, Chevron, Royal Dutch Shell, and BP
BP has the highest number of “hold” ratings among the four stocks we’re discussing in this series. For BP, 62% of analysts have given a “hold” rating.
Petrobras’s 2Q16 Earnings Miss Estimates
Petrobras posted its 2Q16 results on August 11, 2016. Before we proceed with an earnings review, let’s look at PBR’s 2Q16 performance compared to estimates.
Petrobras’s Pre-Earnings Results Implied Volatility
Petrobras’s (PBR) implied volatility currently stands at 62.
What Does the Fall in Total’s Short Interest Mean?
Total SA (TOT) has witnessed a 65% fall in its short interest since February 2016. This indicates that the bearish sentiment for the stock is weakening.
The World Bank Has News about the Global Economy, and It’s Not Good
In its 25th annual Global Economic Prospects report, the World Bank did not have many good things to say about the global economy in 2016.
How Will the Shell–BG Merger Save Costs for Shell?
Shell plans to reduce its operating costs from $46 billion in 2015 to ~$40 billion in 2016. These cost reductions are expected to result in huge savings.
Why China Could Surprise Markets to the Upside
The massive financial stimulus package unleashed in China (MCHI) appears to be supporting economic growth in 2016 and 2017.
China’s Unleashing a Massive Stimulus to Boost the Economy
China’s (FXI) (MCHI) government initiated various stimulus measures to arrest the slowing growth. Currently, the bank lending rate is at a record low.
Why Roche Is Trading at a Discount on a Price-to-Earnings Basis
On March 7, 2016, Roche Holding was trading at a forward PE multiple of 15.25x, which appears to be at a discount compared with Bristol-Myers Squibb.
How Chevron Will Benefit from Its Gorgon Project
Chevron has started LNG production from its Gorgon project. Gorgon, a $54 billion subsea gas project, has the capacity to produce 2.6 bcf of natural gas and 20,000 barrels of condensate per day.
Bridgewater Associates Establishes New Position in PotashCorp
In 4Q14, Bridgewater Associates started a new position in Potash Corporaton of Saskatchewan, or PotashCorp (POT).
How falling crude oil prices will affect ConocoPhillips’ earnings
Falling crude oil prices will cause ConocoPhillips’ earnings to decline by about $35–$40 million for each $1 change in WTI (West Texas Intermediate) crude.
A key analysis of ConocoPhillips’ capex breakdown for 2015
ConocoPhillips’ capex breakdown for 2015 includes major projects, development drilling, exploration and appraisal, and base maintenance.
Who are Rice Midstream’s major customers?
Rice Energy is Rice Midstream’s largest customer. For 2015, Rice Energy is projected to represent about 84% of Rice Midstream’s gathering volumes.
Key update on Rice Midstream’s assets
Rice Midstream Partners’ (RMP) initial assets consist of natural gas gathering and compression assets in the Marcellus Shale in southwestern Pennsylvania.
Rice Energy’s new structure and Rice Midstream’s future plans
Rice Energy owns 100% of the equity interests of Rice Energy Appalachia, which in turn holds 100% of the equity interests of Rice Midstream Holdings.
Brief overview of the Rice Midstream IPO
On December 8, Rice Energy announced the IPO of Rice Midstream Partners, which will acquire and operate midstream assets in the Marcellus and Utica Shales.
A must-read introduction to Mexico’s energy industry
Mexico’s energy reforms mean that oil giants such as Chevron Corp. (CVX), Exxon Mobil Corp. (XOM), and Royal Dutch Shell Plc (RDSA) will get access to Mexico’s oil reserves.
Why Williams Partners is strongly leveraged to the Marcellus Shale
Williams Partners LP (WPZ) is a leading diversified master limited partnership focused on natural gas gathering and processing. WPZ has major operations in the Marcellus Shale.